PROJECT SANDMAN
NEWS100+ nations have global agreement now being deployed called ‘Project Sandman’ to drop and end dominance of U.S. dollar and petrodollar
“Project Sandman” describes a 100+ nation agreement that, when triggered, will see those nations simultaneously dump the dollar and abandon the “petrodollar” status that has allowed the USA to enjoy 50 years of fiat currency counterfeiting and material abundance at the expense of everyone else. When this decision is triggered, the dollar and all dollar-denominated assets will plunge to near-ZERO literally overnight.
This means all dollar-denominated bank accounts, bonds, pension funds, treasuries and other investment vehicles will essentially be worth zero for the simple reason that all banks and markets will freeze operations. (This is the James Rickards “Ice-9” scenario.)
Any funds you have in the stock market will be stuck in those markets, and the entire infrastructure of banking and finance will suffer a catastrophic liquidity crisis that will “freeze” nearly all financial transactions.
Credit cards will stop functioning. Food stamp systems will go down and stay down. ATMs will not function. Wire transfers will be halted, checks won’t be honored and banks will appear to be offline when accessed through the internet, displaying “maintenance” messages to panicked users.
https://miamistandard.news/2022/03/17/100-nations-have-global-agreement-now-being-deployed-called-project-sandman-to-drop-and-end-dominance-of-u-s-dollar-and-petrodollar/
That’s the first I’ve seen of it.
***This is the first I’ve ever heard of this. Has it been discussed on FR before - or in the last couple of years do you know?***
I don't remember 'Sandman' but I have been predicting this on this thread - except the Trump years - for nearly 10 years. Since the dollar is backed by nothing except 'good faith' - and the productivity and prosperity of the American worker / entrepreneur - since the 1970's, all that has supported the dollar is the Arabs accepting it universally for oil, i.e. the petro dollar. That rendered the dollar the world's reserve currency against which all other currencies were measured.
First 0'bama and now Joe Bitem have done all they can to weaken the dollar in the eyes of the world, including massive national debt now amounting to more than $30 trillion. If interest rates rise a bit the U.S. federal budget will be consumed by the interest payment on that debt. Otherwise the U.S. will default on its debt obligation. Either alternative does not bode well for the stability of the dollar, aside from its status as the world's reserve currency.
Meanwhile, international financial markets, especially China and Russia, have been making noise of replacing the dollar as the reserve currency.
Then, given all that, ask yourself: What is the collateral on our $30 trillion debt obligation? How can we pay it down? {Don't ask D.C. because they won't answer - and they do not intend to default on the debt.} So, looking around from sea to sea, what is worth $30 trillion?
Your house, your car, your job, your children, your valued possessions. Have any of these items become issue topics in the past 20+ years?
Enough said. 😒 (Check The Great Reset...)
The thing I always keep in mind about a potential US dollar dump is that every company that ships to the US keeps their sales in dollar denominated treaasuries.
So that if the dollar dumped all of those companies would lose their sales dollars for the past several days, weeks, months, or years.
Repatriation timing depends on how and when they repatriate those dollars to their own country - which is usually based on when the exchange rate is most favorable to them.
All of those foreign companies would be devastated financially. So the question is where are the Elite keeping their funds in order to deal with this collapse and also maintain their power hold?
Looking at Gates we have an answer - he’s become the largest private holder of farm land. In the UK of course the royalty still maintain their property ownership. So ... REAL assets that can produce REAL goods.
As with most scenarios it will impact the cities the most. However, those are the people that they have the most propaganda control and buy-in from....so they’d use the cities as the fodder to “deal with” the independent minded people in the rural areas.
It’s pretty much the same scenario as most of the doomsday situations it quickly boils down to city who are resource limited vs rural that can live on their own.